Financial firm delays stock listing

Capstone Financial Group Inc., which had planned to list its stock on a public exchange beginning Wednesday, has put its public market debut on hold due to concerns over headlines coming out of the Middle East.

The Irvine-based wealth management firm cited “geopolitical issues in Syria and concerns on market movement” for the delay. Executives said they expect Capstone's shares to begin trading on the OTC Bulletin Board next week.

The year-old company, which has expanded to 65 employees from five, recently acquired a majority interest in La Mesa-based Creative App Solutions in order to take over its ticker symbol, CAPP.

Capstone Chief Executive Darin Pastor said the company plans to close three pending acquisitions after going public.